Pep Boys will eliminate 169 jobs at Bala Cynwyd corporate offices amid merger
Mavis Tire Express Services announced earlier this year that it would acquire Pep Boys in a $700 million deal.
On the heels of announcing a planned merger with private equity-backed Mavis Tire Express Services, Philadelphia-born Pep Boys will lay off dozens of employees at its local corporate offices.
Pep Boys, which got its start over 100 years ago, had over 750 auto service locations across the country that carry out maintenance and repair services as of July.
As part of the recent acquisition, Mavis is leading a “reorganization of the Pep Boys corporate support services” and conducting “a mass layoff,” Susanne Cairo of Mavis’ legal department said in a layoff notice filed with the Pennsylvania Department of Labor and Industry.
The company plans to eliminate roughly 169 jobs in Bala Cynwyd by the end of February of next year, according to a layoff notice. Layoffs are set to begin Dec. 31.
A company spokesperson could not immediately be reached for comment.
Icahn Automotive Group said in July that it planned to sell the company to White Plains, N.Y.-based Mavis for $700 million in cash. Its parent company, publicly traded Icahn Enterprises LP, bought the company just over a decade ago.
As part of Mavis, Pep Boys CEO Joe Auriemma said in July, “Pep Boys will have the scale, footprint, and operational and technological strength to continue building on its legacy as it enters a new chapter of growth.”
A Mavis spokesperson said in July that Pep Boys “will continue operating under its iconic brand name” but declined to address the fate of the Bala Cynwyd corporate office at the time.
Icahn sold Pep Boys’ longtime headquarters on Allegheny Avenue in North Philly several years ago but leased back some space there. There had been 500 employees based there at the time. Pep Boys no longer occupies that building, a spokesperson told The Inquirer in July.
Inquirer staff writer Andrew Seidman contributed to this article.
